Credit Accep Mich (CACC) Shareholder Bloombergsen Decreased Stake as Stock Value Rose; Swedbank Cut Its Priceline Group (PCLN) Stake by $27.78 Million; Market Valuation Rose

January 13, 2018 - By Michael Collier

Swedbank decreased its stake in Priceline Group (PCLN) by 7.33% based on its latest 2017Q3 regulatory filing with the SEC. Swedbank sold 15,181 shares as the company’s stock rose 10.44% with the market. The institutional investor held 191,944 shares of the business services company at the end of 2017Q3, valued at $351.42 million, down from 207,125 at the end of the previous reported quarter. Swedbank who had been investing in Priceline Group for a number of months, seems to be less bullish one the $93.61 billion market cap company. The stock increased 1.39% or $26.3 during the last trading session, reaching $1919.4. About 555,315 shares traded or 11.76% up from the average. The Priceline Group Inc. (NASDAQ:PCLN) has risen 44.63% since January 13, 2017 and is uptrending. It has outperformed by 27.93% the S&P500.

Bloombergsen Inc decreased its stake in Credit Accep Corp Mich (CACC) by 0.42% based on its latest 2017Q3 regulatory filing with the SEC. Bloombergsen Inc sold 1,933 shares as the company’s stock rose 15.18% with the market. The institutional investor held 458,071 shares of the consumer services company at the end of 2017Q3, valued at $128.34 million, down from 460,004 at the end of the previous reported quarter. Bloombergsen Inc who had been investing in Credit Accep Corp Mich for a number of months, seems to be less bullish one the $6.60B market cap company. The stock increased 0.44% or $1.49 during the last trading session, reaching $340.99. About 123,662 shares traded. Credit Acceptance Corporation (NASDAQ:CACC) has risen 27.46% since January 13, 2017 and is uptrending. It has outperformed by 10.76% the S&P500.

Among 12 analysts covering Credit Acceptance Corp (NASDAQ:CACC), 1 have Buy rating, 6 Sell and 5 Hold. Therefore 8% are positive. Credit Acceptance Corp had 27 analyst reports since July 31, 2015 according to SRatingsIntel. Susquehanna maintained it with “Hold” rating and $363.0 target in Thursday, January 4 report. The company was initiated on Monday, January 23 by Susquehanna. JMP Securities downgraded the stock to “Market Underperform” rating in Wednesday, March 16 report. The firm has “Hold” rating by Jefferies given on Tuesday, October 31. On Tuesday, November 10 the stock rating was upgraded by Compass Point to “Neutral”. Janney Capital upgraded Credit Acceptance Corporation (NASDAQ:CACC) on Monday, June 20 to “Neutral” rating. JMP Securities upgraded the shares of CACC in report on Wednesday, August 26 to “Market Perform” rating. The stock of Credit Acceptance Corporation (NASDAQ:CACC) earned “Underperform” rating by Macquarie Research on Wednesday, May 11. On Tuesday, August 1 the stock rating was upgraded by Raymond James to “Hold”. On Tuesday, September 6 the stock rating was downgraded by Compass Point to “Sell”.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on January, 30. They expect $5.53 earnings per share, up 15.45% or $0.74 from last year’s $4.79 per share. CACC’s profit will be $107.07 million for 15.42 P/E if the $5.53 EPS becomes a reality. After $5.43 actual earnings per share reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 1.84% EPS growth.

Since August 1, 2017, it had 0 insider purchases, and 5 sales for $31.05 million activity. Booth Kenneth sold $546,015 worth of stock.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. It turned negative, as 24 investors sold CACC shares while 49 reduced holdings. 29 funds opened positions while 46 raised stakes. 13.13 million shares or 4.29% less from 13.72 million shares in 2017Q2 were reported. Cantillon Cap Mgmt Limited Liability Co stated it has 364,765 shares or 1.19% of all its holdings. Great West Life Assurance Can has invested 0% in Credit Acceptance Corporation (NASDAQ:CACC). Ftb Inc holds 0% or 96 shares in its portfolio. Schaller Grp Inc owns 35,000 shares for 5.12% of their portfolio. Moreover, Cadence Mgmt Limited Liability has 0.07% invested in Credit Acceptance Corporation (NASDAQ:CACC). Vanguard Group stated it has 988,122 shares. 1,927 were accumulated by Janney Montgomery Scott Lc. First National Bank & Trust Of Omaha invested in 0.18% or 21,648 shares. 196,037 were accumulated by Tiaa Cref Inv Mgmt Limited Liability. Numeric Limited Liability holds 0% or 2,320 shares in its portfolio. Moreover, Ameriprise Fincl has 0% invested in Credit Acceptance Corporation (NASDAQ:CACC). Vident Invest Advisory Ltd has invested 0.01% of its portfolio in Credit Acceptance Corporation (NASDAQ:CACC). Sg Americas Secs Ltd Com owns 0% invested in Credit Acceptance Corporation (NASDAQ:CACC) for 1,104 shares. Ruane Cunniff & Goldfarb owns 1.07M shares. Beck Mack And Oliver Ltd Limited Liability Company owns 354,724 shares.

Since August 10, 2017, it had 0 insider purchases, and 5 insider sales for $5.60 million activity. Shares for $4.69M were sold by Docter Jan L.

Analysts await The Priceline Group Inc. (NASDAQ:PCLN) to report earnings on February, 26. They expect $14.10 earnings per share, down 0.77% or $0.11 from last year’s $14.21 per share. PCLN’s profit will be $687.65M for 34.03 P/E if the $14.10 EPS becomes a reality. After $35.22 actual earnings per share reported by The Priceline Group Inc. for the previous quarter, Wall Street now forecasts -59.97% negative EPS growth.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.03, from 1.06 in 2017Q2. It worsened, as 66 investors sold PCLN shares while 320 reduced holdings. 93 funds opened positions while 306 raised stakes. 50.07 million shares or 10.39% more from 45.36 million shares in 2017Q2 were reported. Boys Arnold Inc holds 0.09% or 296 shares. Jennison Associate Ltd Liability reported 801,759 shares. Janney Montgomery Scott Limited Liability Com, Pennsylvania-based fund reported 635 shares. Bryn Mawr invested in 0.04% or 352 shares. Moreover, Winslow Evans And Crocker has 0.01% invested in The Priceline Group Inc. (NASDAQ:PCLN). Pittenger & Anderson accumulated 92 shares. Green Square Capital Ltd Liability Corporation accumulated 428 shares. Texas-based Dimensional Fund Advsrs Limited Partnership has invested 0.08% in The Priceline Group Inc. (NASDAQ:PCLN). Moreover, Northern Trust has 0.28% invested in The Priceline Group Inc. (NASDAQ:PCLN) for 589,991 shares. Kornitzer Cap Ks has 4,420 shares. Comerica has 0.15% invested in The Priceline Group Inc. (NASDAQ:PCLN) for 573 shares. Camelot Portfolios Limited Liability Com reported 0.5% of its portfolio in The Priceline Group Inc. (NASDAQ:PCLN). 159 were reported by Umb Retail Bank N A Mo. Thompson Siegel And Walmsley Ltd holds 159 shares. California State Teachers Retirement Sys accumulated 0.33% or 82,552 shares.

Swedbank, which manages about $16.35B US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 816,414 shares to 11.50 million shares, valued at $856.53 million in 2017Q3, according to the filing. It also increased its holding in Cognizant Techno (NASDAQ:CTSH) by 116,263 shares in the quarter, for a total of 6.62M shares, and has risen its stake in Costco Wholesale (NASDAQ:COST).

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